• Consolidated net sales increased 14% to Rp64.80 trillion
• Income from operations increased 15% to Rp13.38 trillion
• Core profit increased 7% to Rp7.31 trillion
Jakarta, 27 March 2023 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) ttoday announced its financial results for the year ended 31 December 2022. ICBP posted 14% growth in consolidated net sales to Rp64.80 trillion from Rp56.80 trillion last year.
Income from operations increased 15% to Rp13.38 trillion from Rp11.67 trillion, and operating margin was stable at 20.6%. Core profit, which reflects the underlying operational performance grew 7% to Rp7.31 trillion from Rp6.86 trillion.
Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “2022 was a challenging year for FMCG companies due to geopolitical tensions, regulatory uncertainties and commodity price increases. Despite these obstacles, I am pleased that ICBP continued to deliver robust financial results and business performance in 2022 supported by its strong brand equity, pricing power and agility. Our focus in 2023 will be to continue to grow ICBP’s domestic and overseas businesses organically, optimize the balance between volume growth and profitability, strengthen our market position across product segments, and maintain our healthy balance sheet position.”
About PT Indofood CBP Sukses Makmur Tbk
PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) is among the most established leading players in the consumer branded products sector. We are engaged in a wide range of product categories, including noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. We also operate a packaging business that produces flexible and corrugated packaging for our products.
We provide everyday food and beverage solutions for consumers of all ages across market segments, with more than 30 leading product brands. Many of these brands enjoy significant market shares in Indonesia, backed by decades of deep consumer trust and loyalty. In particular, Indomie, our flagship brand for instant noodles, has grown to become an international brand with strong market leadership extending beyond Indonesia.
Our business operations are supported by around 60 plants located in key areas across Indonesia, enabling us to stay close to our customers and ensure product freshness and availability in all sales channels. We are fully supported by PT Indofood Sukses Makmur Tbk extensive distribution network across the archipelago to meet consumer demands in a timely and efficient manner.
We have more than 20 instant noodles production facilities in Malaysia, Africa, the Middle East and Southeastern Europe serving the overseas markets, making ICBP one of the largest instant noodle producers in the world. In addition, we also export many of our products from Indonesia, making them present in more than 100 countries globally.
For further information, please contact:
Gideon A. Putro
PT Indofood CBP Sukses Makmur Tbk
Tel: +6221-5795 8822
Fax: +6221-5793 7373